DP2115 The New Open Economy Macroeconomics: a Survey
| Author(s): | Philip R. Lane |
| Publication Date: | March 1999 |
| Keyword(s): | Imperfect Competition, International Macroeconomics, nominal rigidities |
| JEL(s): | F3, F4 |
| Programme Areas: | International Macroeconomics |
| Link to this Page: | cepr.org/active/publications/discussion_papers/dp.php?dpno=2115 |
Since the 1995 publication of Obsteld and Rogoff's Redux model, there has been an outpouring of research on open-economy dynamic general equilibrium models that incorporate imperfect competition and nominal rigidities. This paper offers an interim survey of this recent literature.